Savannah morning news. [volume] (Savannah) 1868-1887, 1887-03-07
CHARLEsToNs GREEN EYE.
The Way Savannah Calculates Its
Cotton Receipts.

The Way Savannah Calculates Its
Cotton Receipts.
Charleston is showing the green-eye at
Savannah on account of this ports cotton
receipts, and is complaining OF the way
savannah calculates her receipts. Yes
terday's News and Courier said:
part Of the cotton which arrived here
this season passed through or around Savan-
nah, and although 1t was not unloaded at that
point, our nelghbors OF the Forest CITY have
added 1t to their port receipts. as win be seen
by the following telegram from the New
Orleans Cotton Exchange 10 the Charleston
Exchange:
NEW ORLEANS, La, March 4. 1881.
r. A. Ta0st, Superintendent Cotton Ecchdnge,
Charleston, S. c.:
Savannah reports having shipped 1900
bales to Charleston since Sept. /. Have you
included this in your net? Please investigate
and wire answer. ii. G.. HESTER.
superintendent Cotton Exchange.
The Charleston Exchange sent the fol-
lowing reply:
II. G.. Tester. Superintendent Cosso1. Eschanoe,
4elo Orleans, La:
Cotton referred to has not been received
from Savanna. Savannah must have erro-
neously counted cotton shipped to Charleston
nrms from interior points via the East Ten
nessee, virginia and Georgia railroad and
Charleston and Savannah railway, but not
unloaded in savannah nor consigned there,
RA. TAvEL,
superintendent Charleston Exchange.
Mr.. E. F. Bryan, superintendent of the
Savannah Cotton Exchange, was asked
about the matter, and be stated that Sa.
vannah is obeyIng a rule of the National
Cotton Exchange. The rule is for all cot
ton to be counted in the net receipts of
the first out port at which it arrives. For
Illustration, II cotton is shipped from
South Georgia to Brunswick and thence
TO Savannah it is included In
the former ports net receipts ana
in this ports gross receipts. Savannah
to obtain her net receipts deducts that
cotton from her gross receipts because it
has already been once counted.
Crop and statistical reports are made
up from the net receipts of the various
ports, and in the net receipts it will not
do to count the same cotton twice, which
is an 0bviousreason.
1t is true, Mr.. Bryan says, that 5avan-
nah included the $1,000 bales to Charles
ton in her net receipts, although, perhaps.
not bale of it was unloaded here. That
amount. however, represents the cotton
which touched Savannah before il did any
other port. When Charleston gets it she
puts 1t in her gross receipts.
Charleston ought to keep two accounts,
Mr.. Bryan added, one of net receipts
and the other OF gross receipts, as New
orleans, MOOlie, savannah ana OLner
ports do. That is the intention of the
National Exchange, but whether Charles.
ton does it or not she is furnished at the
end OF the year with the amount of cotton
which has been shipped from here there.
Savannah and the most of the larger
ports report the gross and net receipts
daily. Port Royal, Indianola and some
small ports report their receipts weekly.
Every day the Savannah, Florida and
Western railway furnishes Mr.. BRYAN
with a statement of the cotton which 1t
brings into Savannah and what it
takes on through to Charleston. Under the
National Exchange rules all OF that cotton
is included in Savannah's net receipts,
provided none of il has been at any other
port. AS matter Of fact, very large
part Of the cotton which goes into every
port is being shipped direct from the
interior to Northern or foreign port,
and is not bought or sold at the port Of
export. What cotton comes here from
Charleston is counted in this ports gross
receipts, but not in her net receipts.
However, there is not a great deal ofIit in
q wear.